CBOT WHEAT : Still showing bearish tendency.

Wheat still showing bearish tendency.
Today's USDA weekly grain export inspection report showed that wheat export were 310k tonnes below expectations of 400k-600k range supporting the chart bearish outlook.

 

Rather than creating a new thread every day,
you should SEARCH a topic you'd want to discuss first.
Attempt to use the existing thread.

There are hundreds of threads about Wheat, USDJPY, gold ....
In fact, you have already created a new thread about WHEAT before!

 

I keep trying to find the bottom in Whear. Might take awhile

 

The downside move since Feb 18 2025 ST top is likely performing within a diagonal triangle.
The hesitated swinging pattern is showing lack of sufficient momentum for a deep impulsive downside move ,instead suggesting limited downside move around the lower bound of the diagonal triangle [ could go slightly below it] before bouncing up.

 

A lot of red with U.S. Ag products lately, gee wonder why that is ................lol

 

Other countries are retaliating to US tariffs with their own tariffs on US agricultural produce

 

Yup.

 

day chart shows sideways movement.



CBOT WHEAT : Still showing bearish tendency.
--->
CBOT WHEAT : Still showed bearish tendency since
weeks ago.